The Caisse de dépôt et placement du Québec is investing US$500 million in Laboratorios Sanfer, an independent Mexican pharmaceutical company. The company, which currently maintains a presence in 25 countries, has been focusing on growth through acquisitions for the past two decades, according to a press release. The investment from the Caisse will enable further […]
A company controlled by the Canada Pension Plan Investment Board has acquired a 10.01 per cent equity stake in the 407 International Inc. The 407 International holds a concession over the 407 express toll route from SNC-Lavalin Group Inc. Under the terms of the agreement, the CPPIB agreed to pay $3 billion to SNC-Lavalin on closing, with an additional $250 […]
The Canada Pension Plan Investment Board closed out the first quarter of its 2020 fiscal year with a 1.1 per cent net return. The fund added $8.6 billion to its assets, with $4.5 billion in CPP contributions and the other $4.1 billion in net income. “CPPIB’s investment programs performed well in the first quarter, achieving solid net income in […]
Daniel Fournier, the chief executive officer of Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is retiring in October. “As I look back at the last 10 years, I realize just how much we have accomplished at Ivanhoé Cambridge,” said Fournier in a press release. “We elevated this Quebec company […]
Global market volatility drove Canadian defined benefit pension plans’ median returns lower in the second quarter of 2019, according to BNY Mellon Asset Management Canada Ltd. and RBC Investor and Treasury Services. Among the 84 Canadian corporate, public and university pension plans in BNY Mellon’s tracking service, the quarterly return was just 2.34 per cent, compared to […]
The Caisse de dépôt et placement du Québec, alongside Fengate Asset Management, is investing in eStruxture Data Centers. The Quebec-based data centre operator currently has five data centres, three in Montreal and two in Vancouver. The co-investment will allow the company to buy a new data centre from Shaw Communications Inc. in Calgary and help […]
SNC-Lavalin Group Inc. says an Ontario judge has cleared it to proceed with the $3.25-billion sale of a stake in the 407 toll highway, paving the way for the beleaguered company to pay off hundreds of millions in debt. The engineering giant says the Ontario Superior Court has dismissed an attempt by Cintra Global to […]
The Ontario Teachers’ Pension Plan and Australian superannuation fund AustralianSuper are investing up to US$1 billion each in the National Investment and Infrastructure Fund of India’s master fund. The agreement includes US$250 million from each pension fund, as well as investment rights of up to US$750 million each for ongoing opportunities alongside the master fund. In addition, the […]
About four in 10 (41 per cent) hedge fund managers are considering environmental, social and governance factors in their allocation decisions, according to a new survey by BarclayHedge Ltd. Among this group, 52 per cent of assets are currently allocated based on ESG ratings. Last year, that number was 42 per cent and it’s projected to jump […]
In the first half of 2019, the Caisse de dépôt et placement du Québec has earned an average return on depositors’ funds of 6.1 per cent, generating more than $18 billion in net investment results. “From a market perspective, we are living in roller coaster times,” said Michael Sabia, the fund’s president and chief investment officer, […]